Tapered Annual Allowance
I am working on a case where the client only has dividend income of £42k a year (I know, I has asked why he is not using his personal allowance)
Anyway, the adviser is suggesting that his company should use carry forward to maximise his contributions over the last 3 years. The client in question has only put in £100 a month since forever, giving him carry forward and this years of £155,600.
@benjaminfabi and I are in disagreement whether this would trigger the tapered annual allowance, I am not sure it does becuase the clients threshold income is less than £110k.
Can you settle this debate for us?